Stable coins for bounty hunters

[OasisDre]

I know this have been discussed several times on this forum but yet I will like to drop this again, I'm sure few new developers are among us here, so here we go

It will be a whole new story if new projects can start paying bounty hunters in USD or stablecoin, this have few advantages over paying with your own tokens, if new projects find it as a most for people to try out their new Blockchain they should use airdrops instead, airdrops has the lowest rewards, hardly to get 2$ in airdrops today

As for bounties please start paying in USDT, DAI or USDC, this will erase your sense of 'bounty hunters are killing new projects' idea

[kceekcee]

One funny thing about this scenario is that it is not only stable coins they Can pay Bounty hunters with.

There are stellar and trx token, i have seen an xrp paid Bounty campaign as well as an eth paid Bounty campaign.

Everyone just want an excuse to pass the blame around

[NeuroticFish]

It will be a whole new story if new projects can start paying bounty hunters in USD or stablecoin

You've missed the whole point of paying in their coin/token.

The new projects that are not listed at exchanges and without their own market place will always pay in their own token (as long as there will be bounty hunters accepting that) because in this case they don't pay anything from their pockets. If the project has success and gets listed, you'll sell for other investors' money. If it doesn't have success, tough luck, you've worked for free. It's a risk the bounty hunter have to think of when he jumps for enlisting under their banner. One has to check first if it has a good enough chance for success and listing.

[hatshepsut93]

You've missed the whole point of paying in their coin/token.

The new projects that are not listed at exchanges and without their own market place will always pay in their own token (as long as there will be bounty hunters accepting that) because in this case they don't pay anything from their pockets. If the project has success and gets listed, you'll sell for other investors' money. If it doesn't have success, tough luck, you've worked for free. It's a risk the bounty hunter have to think of when he jumps for enlisting under their banner. One has to check first if it has a good enough chance for success and listing.

There were times when altcoins used to pay bounties in Bitcoin or Ethereum, but nowadays the bounty market is so overcrowded with bounty hunters that they are really in no position to dictate the rules. If you will refuse to work for worthless tokens, someone else will. And these ICO scams don't care about quality, they need quantity, because there's still plenty of greedy noobs who are ready to gamble with ICO's as they hope to find a "good project".

[JeotQ]

One funny thing about this scenario is that it is not only stable coins they Can pay Bounty hunters with.

There are stellar and trx token, i have seen an xrp paid Bounty campaign as well as an eth paid Bounty campaign.

Everyone just want an excuse to pass the blame around

Very true, IOI bounty campaign paid participants with Tron coin, I think around 150,000 Tron for the bounty allocation, this is a very good idea, no fear of dumps from bounty hunters, only scam developers will see this as a wrong idea, those who already have plans to exit scam on investors

[NeuroticFish]

There were times when altcoins used to pay bounties in Bitcoin or Ethereum, but nowadays the bounty market is so overcrowded with bounty hunters that they are really in no position to dictate the rules. If you will refuse to work for worthless tokens, someone else will. And these ICO scams don't care about quality, they need quantity, because there's still plenty of greedy noobs who are ready to gamble with ICO's as they hope to find a "good project".

Yep. We have to make bounty hunters understand what they are doing wrong. If we manage to do this we will have better bounties and less scam ICOs too.
Just it's an extremely difficult job, especially because most of those don't read, they just post.

[Nalbo]

There are advantages as well as disadvantages for paying on the token for the project. One of the reason why people support giving out tokens is to promote decentralization of the coin distribution and increasing the size of community. But the bounty participants are always in a hurry to redeem their reward and sell their coin, they just remain in the community till the coin is listed. So, I believe giving rewards in USD or alts is a better alternative.

[LogitechMouse]

~

This will never happen. NEVER HAPPEN.

Take note of this, you are developing a new project and you don't have any funds to start with it. That is why new projects are launching a token sale from the start to gather some funds that they will use in the project. If they have an initial funds from the start then they will rather not launch a bounty campaign. That is why there is a bounty campaign. To advertise the project and at the same time gather some funds in the token sale.

This is the risk that bounty hunters must face. It is always a token or nahhh for them. They will either paid for their work and time or not. New projects doesn't have initial funds to pay the bounty hunters that is why they are paying the hunters using their own native tokens. This will not happen. It will very risky in part of the developers and the success rate of the project isn't 100%.

[Jawhead999]

Do you want any bounties start paying in Bitcoin/ETH/or stable coins? You must start to encourage all bounty hunters to avoid and never join a bounties pay with their coin/token. Why I say like that? Because this can make a "new normal" for the next bounty program to pay in valuable coins. But the fact, all bounty hunters never care about the rules and the payout , they only think to join as much as they can. Even if the project is scam (e.g. fake team or plagiarized whitepaper) I still see so many bounty hunters want to join and promote the project.

So, bounties is always pay with their coins/tokens and never change to pay with valuable coins. Probably only a few (1%) bounty is paying with valuable coins (e.g. Digital Gold)

[Yudhisthir]

~

This will never happen. NEVER HAPPEN.

Take note of this, you are developing a new project and you don't have any funds to start with it. That is why new projects are launching a token sale from the start to gather some funds that they will use in the project. If they have an initial funds from the start then they will rather not launch a bounty campaign. That is why there is a bounty campaign. To advertise the project and at the same time gather some funds in the token sale.

This is the risk that bounty hunters must face. It is always a token or nahhh for them. They will either paid for their work and time or not. New projects doesn't have initial funds to pay the bounty hunters that is why they are paying the hunters using their own native tokens. This will not happen. It will very risky in part of the developers and the success rate of the project isn't 100%.

Rather than paying the bounty weekly, the projects can pay the bounty participants when the ICO ends. The bounty reward could be decided at the end of the ICO as value of x% of total crypto sold. This would make it easier for both the participants and the bounty issuer. This would not cause the pressure from bounty participants to list and a dump afterwards listing.

[TastyChillySauce00]

I didn't even the developers wanna try to hear your suggestion. So many times this idea has already sounded by various person but the fact that if the decision will be going back to the team whether they wanna pay use stable coin or not.


FYI USDQ has paid me with stable coins too. It's very difficult to find a bounty that paid the participants to use a stable coin.

[Ryushin]

New projects that aren't trading on exchanges yet will surely pay bounty hunters in their own native token, you can't blame them for this, we have too many useless projects in crypto space that's why OP brings this idea, it's all about tokens turning shitcoins

[Dart18]

Impossible to happen.
First, they made an ICO or IEO to create money out of their token.
How can they pay you if they don't have the capability to do it.

If they do have.
Why would they make efforts into converting the money to stable coins just to pay bounty hunters?
It won't happen easily unless they do have a company that is already working.

[luckyflop]

Impossible to happen.
First, they made an ICO or IEO to create money out of their token.
How can they pay you if they don't have the capability to do it.

If they do have.
Why would they make efforts into converting the money to stable coins just to pay bounty hunters?
It won't happen easily unless they do have a company that is already working.

Absolutely, this is what I was thinking. How can they pay in USDT during the first phase of the project, they don't have so much money to waste like that. And if they have the money, they should use it to serve bigger goals to make their project successful.

[el kaka22]

It has been the demand of bounty hunters to get paid in ETH or BTC; I am not seeing anything innovative in demanding rewards for bounty programs in stablecoins. Already signature campaigns are having the practice of calculating the payments in USD value but paying in BTC which is having some sense as BTC prices are highly fluctuating all the times whereas what could be the advantage in paying in stablecoins instead of paying in ETH or BTC?

As for bounties please start paying in USDT, DAI or USDC, this will erase your sense of 'bounty hunters are killing new projects' idea

A true potential project will withstand against any level of heavy dump from their bounty participants or from early investors/contributors. Only the projects with fragile concepts may worry about the dumping by their bounty hunters and all others will take this like bounty hunters may miss the future good prices.

[patz22]

But with that idea it will kill the project when it comes to their funding, why? Of course, they are accumulating eth, btc or even usdt to fund the development and every penny is important so meaning, if they will pay hunters using that they might lose a certain amount of funds, wherein dumps won't happen if they can just sustain the growth of it, remember, bounty is just a very small percentage of token/coin allocation, it is just a stereotype nowadays that they will use hunters as an excuse of their mismanagement.

[Raflesia]

Bounty is now on average from newly launched projects while those who run this project need funds so they raise funds by selling ICO or IEO on the stock exchange even most of them are low exchanges because the high stock cannot afford it.
Then we, as bounty hunters, will not be able to get stable fees like the coins mentioned. OP projects will look disadvantaged with these payments because they are not necessarily themselves good tokens on the market.
But on the other hand only serious projects can afford hunters with their work worth.

[Cnut237]

You've missed the whole point of paying in their coin/token.

The new projects that are not listed at exchanges and without their own market place will always pay in their own token (as long as there will be bounty hunters accepting that) because in this case they don't pay anything from their pockets. If the project has success and gets listed, you'll sell for other investors' money. If it doesn't have success, tough luck, you've worked for free. It's a risk the bounty hunter have to think of when he jumps for enlisting under their banner. One has to check first if it has a good enough chance for success and listing.

This is it exactly. Additionally, if you are working on a bounty for a particular project, then you are promoting that project. If you are not happy to be paid in the coins of that project, this suggests that you don't really believe the project is worthwhile or will be a success - in which case you shouldn't be promoting it!

[thesmallgod]

Most bounties will not pay with stable coin because many of them do not even have money to spend on developing their platform fully not to talk of paying hunters with stable or already trading coin and that is reason why they always choose to pay hunters with their own native token. This will be more beneficial to them because it save them the cost of paying with crypto such as ETH and Bitcoin and also give them confidence of not spending more when they do not meet their target in term of contribution needed for the project.

[qomariah95]

The new crypto project came with the aim of wanting to raise money for the development of their project. And the impossible thing is that they spend money to pay bounty and airdrop hunters using USDT or other stable coins. Because as we all know the new project is not possible to incur costs, therefore they use their own tokens. if the project is not successful, then they don't pay and if they pay too. their token value is nothing.